Leading digital business transformation

Both online sale channels serve as effective tools for Vietnam’s businesses to sell their products to the world market. As the leading company in the seafood market, Vinh Hoan JSC finds it easy to penetrate the Chinese market. Vietnam's Gold Star balm is sold on Amazon Declining to give figures about the revenue from the Chinese market, Ngo Vi Tam, CEO of Vinh Hoan, said the products exported are mostly frozen fillet catfish and the output is expected to increase by 20-30 percent in 2019. Nguyen Huyen, director of Dong Duong Food, specializing in making spices, said in 2008, she opened an account on Alibaba to seek foreign partners. However, only three years later could the company export the first consignment of products through the online sale channel. In the case of Quoc Gia Import/Export Company, the fertilizer supplier, at first, the company only distributed products via traditional agents. However, as things were getting more difficult, Vu Viet Thang, CEO of Quoc … [Read more...] about Vietnam’s businesses boost exports via Alibaba, Amazon

At the event (Photo: Bnews) The discussion was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Alibaba Group, and OSB Investment and Technology Joint Stock Company. During his opening speech, Vice Chairman of the VCCI Doan Duy Khuong emphasised that the EVFTA will present a wealth of opportunities and provide fresh impetus to Vietnam's economic development and export businesses. Immediately after the EVFTA comes into force, the EU has pledged to abolish 85.6 per cent of Vietnam’s tariff lines, equivalent to 70.3 per cent of the country’s current exports to the bloc. Along with talks regarding the trade deal, participants discussed the trend of shifting from traditional business to digital platforms, which has become increasingly popular and is widely considered to be a useful solution to help businesses expand into new export markets. The seminar provided an array of useful information regarding the EVFTA for firms in attendance, knowledge about … [Read more...] about Seminar highlights digital transformation in boosting exports

  A H’mong girl uses a high-tech device to check crop data. Digitisation of farming is an inevitable trend in Việt Nam. — VNS Photo Thu Ngân HCM CITY — Digitisation of farming is inevitable and Việt Nam should embrace it to resolve the agricultural paradox of producing more while preserving natural resources and to grab the opportunities brought by free trade agreements, experts have said. Reports from research organisations said the world population would increase by 2.2 billion by 2050 and demand for food would increase by 50 per cent. During this period climate change is expected to reduce harvests by 17 per cent while arable land will shrink by 20 per cent. The agricultural sector globally and in Việt Nam is therefore set to face big challenges. A more resilient food future will rely on sharp increases in agricultural research and development; better alignment of government finance and incentives for farmers with long-term, … [Read more...] about Digital farming holds key to solving agriculture paradox

Viettel Telecom General Director Cao Anh Son (L) receives Vietnam’s Mobile Data Service Provider of the Year award. (Photo: vietteltelecom.vn) Hanoi (VNA) – Viettel Telecom Corporation has been named Vietnam’s Mobile Data Service Provider of the Year at the 2019 Frost & Sullivan Asia-Pacific Best Practices Awards recently held in Singapore. The company was honoured thanks to its strong growth of data subscribers, service diversity, large scope of service supply, and heavy investment in infrastructure and telecommunication eco-system. In the first nine months of 2019, the number of 4G subscribers reached 21 million, doubling the amount in 2018 and accounting for 65 percent of total Viettel subscribers. The corporation will expand 5G services with various data packages to facilitate internet access for everyone. Furthermore, several free entertainment applications like Mocha and Keeng have been provided for the customers. Viettel Telecom General Director Cao … [Read more...] about Viettel Telecom honoured as best mobile data service provider in 2019

Viet Nam’s aviation industry has seen its strongest growth in the past decades with double-digit growth set in five consecutive years, but it is still faced with sustainable development issues. This was the theme discussed by aviation officials and experts at a conference to seek solutions for sustainable aviation development held by Giao Thong newspaper in the central coastal province of Binh Dinh last week. The network of domestic airlines has expanded rapidly with the participation of national carrier Vietnam Airlines and budget carriers Viejet, Jetstar Pacific, Bamboo Airways and Viet Nam Air Services Company (Vasco). According to deputy head of the Civil Aviation Authority of Vietnam, Pham Van Hao, Vietnam Airlines had been the main carrier, but now the likes of private enterprises such as Vietjet and Bamboo Airways had stepped in. “This has changed both quality and quantity. Viet Nam's air route network has also experienced many changes and now has nearly 60 domestic … [Read more...] about Private sector expected to build sustainable aviation sector